Farther Finance Advisors LLC Increases Position in Equinor ASA $EQNR

Key Points

• Farther Finance Advisors LLC significantly increased its stake in Equinor ASA (NYSE:EQNR) by 325.5% in the second quarter, owning 28,803 shares valued at approximately $724,000.
• Several other institutional investors also adjusted their positions in Equinor ASA, with notable increases from Sarasin & Partners LLP and CWA Asset Management Group LLC.
• Equinor ASA's stock has received mixed ratings from analysts, with a total of four Buy ratings, five Hold ratings, and seven Sell ratings, leading to an average rating of "Reduce."

Farther Finance Advisors LLC increased its stake in shares of Equinor ASA (NYSE:EQNR - Free Report) by 325.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,803 shares of the company's stock after purchasing an additional 22,034 shares during the quarter. Farther Finance Advisors LLC's holdings in Equinor ASA were worth $724,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Jump Financial LLC purchased a new stake in shares of Equinor ASA during the first quarter valued at about $2,178,000. Sequoia Financial Advisors LLC purchased a new stake in Equinor ASA during the first quarter valued at approximately $205,000. Sarasin & Partners LLP boosted its stake in Equinor ASA by 35.0% in the first quarter. Sarasin & Partners LLP now owns 547,576 shares of the company's stock valued at $13,870,000 after acquiring an additional 141,949 shares in the last quarter. CWA Asset Management Group LLC grew its holdings in Equinor ASA by 30.1% in the first quarter. CWA Asset Management Group LLC now owns 68,791 shares of the company's stock worth $1,820,000 after purchasing an additional 15,910 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in shares of Equinor ASA by 15.7% during the first quarter. Cetera Investment Advisers now owns 83,272 shares of the company's stock worth $2,203,000 after purchasing an additional 11,290 shares in the last quarter. Institutional investors own 5.51% of the company's stock.

Wall Street Analyst Weigh In

EQNR has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. cut Equinor ASA from a "neutral" rating to an "underweight" rating in a research report on Tuesday, August 12th. UBS Group lowered Equinor ASA from a "neutral" rating to a "sell" rating in a research note on Tuesday, July 1st. Pareto Securities lowered shares of Equinor ASA from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 25th. Hsbc Global Res cut shares of Equinor ASA from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 24th. Finally, Morgan Stanley lowered shares of Equinor ASA from an "equal weight" rating to an "underweight" rating in a research note on Wednesday, September 3rd. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and seven have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Reduce" and a consensus price target of $22.71.

Equinor ASA Price Performance

Shares of NYSE EQNR opened at $25.54 on Friday. Equinor ASA has a 52 week low of $21.41 and a 52 week high of $28.26. The business's 50 day moving average price is $24.85 and its 200 day moving average price is $24.67. The company has a quick ratio of 1.37, a current ratio of 1.47 and a debt-to-equity ratio of 0.58. The firm has a market cap of $75.20 billion, a P/E ratio of 8.48, a P/E/G ratio of 0.88 and a beta of 0.57.

Equinor ASA (NYSE:EQNR - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.02). The business had revenue of $25.12 billion for the quarter, compared to analyst estimates of $23.88 billion. Equinor ASA had a net margin of 7.60% and a return on equity of 16.91%. On average, sell-side analysts expect that Equinor ASA will post 3.46 earnings per share for the current year.

Equinor ASA Company Profile

Equinor ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and other forms of energy in Norway and internationally. It operates through Exploration & Production Norway; Exploration & Production International; Exploration & Production USA; Marketing, Midstream & Processing; Renewables; and Other segments.

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